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Word: buts (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

It is the energy-deficient advanced developing countries, such as Brazil, South Korea, Taiwan and Kenya, that are in the worst shape. They set out to emulate the industrial nations and eagerly replaced their oxen with tractors and generators. Now they are paying the price of a 1600% rise in...

Author: /time Magazine | Title: Business: The Poor Suffer the Most | 12/24/1979 | See Source »

Cutting back on consumption is not enough. Tanzania uses roughly half as much petroleum as in 1972, but its oil bill has risen 900%, and now eats up half of all earnings from the country's exports. Complains Rodrigo Carazo, President of Costa Rica: "Our 1972 oil needs cost...

Author: /time Magazine | Title: Business: The Poor Suffer the Most | 12/24/1979 | See Source »

Economic expansion, which depends on cheap fuel, is slowing almost everywhere. Taiwan's growth has declined from 12% last year to 8%, and South Korea's from 12.5% to 6%. Oil-fueled inflation is raging. Taiwan's wholesale prices rose 3.5% last year, but are expected to...

Author: /time Magazine | Title: Business: The Poor Suffer the Most | 12/24/1979 | See Source »

Instead, some nations are returning to preindustrial methods. Over the past few months, the price of tractors in rural Thailand has fallen 20% as fuel has become scarce and expensive. Prices of water buffaloes, which do not consume diesel fuel but do produce free fertilizer, have soared. Some Thai officials...

Author: /time Magazine | Title: Business: The Poor Suffer the Most | 12/24/1979 | See Source »

Nobody will be following OPEC'S maneuverings in Caracas this week more closely than the executives of a highly secretive oil Goliath that many people have never heard of. The Arabian American Oil Co., or Aramco, is the Delaware-based firm that is jointly owned by Exxon, Mobil, Texaco...

Author: /time Magazine | Title: Business: Aramco's Stormy Petrol | 12/24/1979 | See Source »

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